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Quote On Bank Nifty : The bulls are trying to defend the support around the 40,000-39,800 level Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 20 October 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank nifty index formed a Doji candle on the daily chart which indicates indecisiveness in the market. The bulls are trying to defend the support around the 40,000-39,800 level and the bears are selling at higher levels. The index broad range is intact between 39,800-40,600 and a break on either side will lead to trending moves. The bias remains on the buy side as long as the mentioned support of 39800 is held."
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